Posted by ks55 > 2017-11-08 17:22 | Report Abuse

Curious to find out what qualification you have?
Accounting degree?
Finance degree?
Economics?
CFP?
CIMA?
CA?
CPA?
CFA?

And how long were you actually in the market continuously?
10 years? 15 years?

To be good at market, you need to possess:
1. knowledge
2. skill
3. experience
4. discipline

I believe those who had gone through 1987, 1997/98, 2002, 2008/9 will strive and will not blame market forces, regardless mere presence of certain characters who use to con public in general...............

Posted by ks55 > 2017-11-08 17:25 | Report Abuse

By your standard, if you can lost 70 or 80% in a single counter in 2002, believe me, you will not survive 1997/98 onslaught..........

Posted by arif > 2017-11-08 17:27 | Report Abuse

I am a ca and cpa. I know 1997 and 1998 was worse. I wasn't investing very much then. So my losses were naturally not much in absolute terms

Posted by Sami_Value > 2017-11-09 22:34 | Report Abuse

Your Part 1 & 2 sound very typical & standard, I believed many retailers went through the same path & process also. I have been through the same process. Looking back at our own experiences sometime will make us laugh at own self - how could we made such a silly decision years ago.

If your experience stalled at part 2, you got a lot more of walls to bang . However, from your writing, it doesn't sound your experience stalled. Please continue with your other parts.

My silly investment decisions strategy years ago :-

1) buy on tip . the downfall - the tips were traps, you went in, insiders offloading.

2) buy on news . the downfall - after major contract announcement, it takes years to realize the profits, insiders selling / offloading on news announcement knowing that the rise will be short live / the rise have priced in the future potential gain.

3) buy based on analyst report - suddenly become very hardworking reading newspaper column / The Edge, attend talks & seminars by IB. Niamah - only 2 of the 10 counters average gained, the rest stagnant / decreasing over time. Initially got rose la but shortlive & not sustainable. Similar to your experience, after thing turn 180 degree, beautiful analyst reports can be revised to become as smelly as shit. ( Masterskill & JCY )

4) after 3) did work, you will keep on working harder. Somethings must have went wrong. You went online & started to join forum & blog - your intention, you must be ahead of 1),2) & 3). You then started to follow the "sifu" in the forum. The "sifu" making the most money by declaration or help other forumers made good money before, you will follow 100% without any question. Down fall of this - when the "sifu" turned demon, accidentally or intentionally picked up lemon , they themselves looking for exit, they ask the followers to support. That time still fresh mah, who dare to go against "sifu", don't know what is lemon & what is not, so obediently follow without head & tail. When price keep on dropping, keep on asking "sifu" how come price no up? "sifu" will said patiently , sang Warrent Buffet strategy - buy & hold long term. If not, the "sifu" never put gun on your head to buy will be quite popular defense statement by other followers. When other forumers started to give valid different opinion which was making the counter vulnerable, you will start to panic & counter attack to protect you interest ( your 2 foots already inside ), die die defend like crazy ppl daily. End up - "sifu" went missing , you went to holland.

5) after 1 to 4 failed, you will started to be emotional. You digged a big hole & you was thinking how to recover this losses as fast as possible. The faster you want to recover, the faster you sink inside the quick sand / magnify your losses.

wah....if continue like this, my grandfather stories cannot finish. You continue your parts first, I got time , I come back chui sui later

Posted by arif > 2017-11-10 07:15 | Report Abuse

What u said is largely true. U seem to have plenty of experience with our market..